Is there any clean and easy way to short the DOW such as the QQQ affords with the NASDAQ? (March 19, 2001)
The Dow has a tracking issue similar to the QQQ on the Nasdaq 100 and the OEX on the S&P 100. It is the DJX. The DJX' value is roughly 1/100 of the Dow. It has an option chain that trades just like the option chain on the QQQ and OEX. We don't play to exercise the options, but to buy and then sell the options for profit. With fairly clear support and resistance levels on the Dow right now, there is a lot of appeal to trading this index and the options on it. The spread is a bit wider than on the QQQ, but it is very liquid as well.
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